Designer Brands' Q4 Exceeds EPS Forecast

Designer Brands (NYSE:DBI), known for its footwear chains like DSW, released mixed fourth-quarter 2024 financial results on Thursday, March 20. Its adjusted earnings per share (EPS) loss of $0.44 exceeded expectations of a $0.49 per share loss. Revenue came in at $713.6 million, which was below the anticipated $719 million and represents a 5.4% decline compared to Q4 2023. The quarter reflected an improvement in cost control but highlighted revenue pressures.Source: Designer Brands. Note: Analysts' consensus estimates for the quarter provided by FactSet. YOY = Year over year. Pps = percentage points.Designer Brands is a leading North American footwear retailer, known for its DSW stores. It recently emphasized enhancing its Owned Brands segment, a strategy aimed at improving profit margins. The goal is for Owned Brands to constitute a third of total sales by 2026, doubling from its 2021 baseline. The company sees these brands as a growth driver, offering better control over pricing and margins.Continue readingWeiter zum vollständigen Artikel bei MotleyFool Weiter zum vollständigen Artikel bei MotleyFool